New York Life Investment Management LLC Has $5.80 Million Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

New York Life Investment Management LLC decreased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 17.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 195,761 shares of the company’s stock after selling 42,198 shares during the period. New York Life Investment Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,802,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Guerra Advisors Inc bought a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth about $33,000. Geneos Wealth Management Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 54.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock valued at $41,000 after acquiring an additional 519 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at approximately $42,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $64,000. Finally, Eastern Bank bought a new position in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $70,000.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA SCHM opened at $32.77 on Wednesday. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $32.96. The stock has a market cap of $13.42 billion, a P/E ratio of 18.83 and a beta of 1.08. The firm has a 50 day moving average price of $31.21 and a 200 day moving average price of $30.05.

Schwab U.S. Mid-Cap ETF Company Profile

The Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of mid-cap stocks in the Dow Jones US Total Stock Market Index. SCHM was launched on Jan 13, 2011 and is managed by Charles Schwab.